Notable Statistics: Notable Developments: Top Gainers: Trader Notes: With Bitcoin holding steady around $95,000 despite recent declines, crypto chart analyst Ali Martinez emphasizes the need for a surge in daily active addresses, transaction volume and whale activity to confirm the continuation of its upward trend.
Top Gainers:
Trader Notes: Crypto chart analyst Ali Martinez points out that for Bitcoin's uptrend to continue, there should be a surge in daily active addresses, transaction volume and whale activity.
Crypto trader Wolf predicts that a breakout above $100,000 will likely trigger retail FOMO, leading to a sharp 20% to 25% correction soon after.
A breakout above 100k would trigger retail FOMO, only to be followed by a 20-25% correction. This kind of structure is something we've seen just a few months ago and is typical in crypto markets. $BTC pic.twitter.com/VBguEosE6B
Trader Satoshi Stacker notes that in eight of the past ten months, Bitcoin has bottomed early in the month, followed by a rally. If this pattern continues, any dip this week could present a prime buying opportunity.
Crypto analyst Michael van de Poppe highlights a significant bounce at the start of the week, predicting "another test of $98,000." He adds that Bitcoin could soon achieve a new all-stime high, breaking the $100,000 barrier.
There we go again. Great bounce at the start of the week. Another test of $98K and it seems likely that we're going to see a new all-time high and $100K for #Bitcoin. pic.twitter.com/NEUkTANjuF
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